T-Mobile price target raised to $265 from $260 at RBC Capital

RBC Capital raised the firm’s price target on T-Mobile (TMUS) to $265 from $260 and keeps a Sector Perform rating on the shares. The company posted Q1 results that were ahead of expectations on revenue, EBITDA, and free cash flow, while its guidance was also increased, the analyst tells investors in a research note. The company’s traction in the business market with T-Priority and the launch of T-Satellite in July should support its subscriber targets despite less visibility in the macro environment, RBC adds.